REPUBLIC ACT NO. 4381 - AN ACT TO AMEND SECTION ONE OF REPUBLIC ACT NUMBERED ONE HUNDRED AND THIRTY-THREE, ENTITLED "AN ACT TO AUTHORIZE THE MORTGAGE OF PRIVATE REAL PROPERTY IN FAVOR OF ANY INDIVIDUAL, CORPORATION, OR ASSOCIATION SUBJECT TO CERTAIN CONDITIONS.
Be it enacted by the Senate and Home of Representatives of the Philippines in Congress assembled:
SECTION 1. Section one of Republic Act Numbered One hundred and thirty-three is hereby amended to read as follows:
"SECTION 1. Any provision of law to the contrary not withstanding, private real property may be mortgaged in favor of any individual, corporation, or association, but the mortgagee or his successor in interest, if disqualified to acquire or hold lands of the public domain in the Philippines, shall not take possession or enjoy the fruits of the mortgaged property during the existence of the mortgage and shall not bid or take part in any sale of such real property in case of foreclosure."
SEC. 8. This Act shall take effect upon its approval.
Approved, June 19, 1965.
More in Republic Acts
- REPUBLIC ACT NO. 11432, August 22, 2019(REPUBLIC ACT No. 11432)
- REPUBLIC ACT NO. 3664 - AN ACT TO AMEND REPUBLIC ACT NUMBERED THIRTY FOUR HUNDRED TWENTY, ENTITLED AN ACT CREATING THE MUNICIPALITY OF SURALLAH IN THE PROVINCE OF COTABATO."(REPUBLIC ACT No. 3664)
- REPUBLIC ACT NO. 5707 - AN ACT CONVERTING THE BUCAY RURAL HIGH SCHOOL IN THE MUNICIPALITY OF BUCAY, PROVINCE OF ABRA, TO A NATIONAL GENERAL HIGH SCHOOL, TO BE KNOWN AS THE BUCAY NATIONAL GENERAL HIGH SCHOOL.(REPUBLIC ACT No. 5707)
- REPUBLIC ACT NO. 4677 - AN ACT AMENDING REPUBLIC ACT NUMBERED FOUR THOUSAND ONE HUNDRED NINETY-FIVE, ENTITLED "AN ACT GRANTING C-J YULO & SONS, INC. A TEMPORARY PERMIT TO CONSTRUCT, ESTABLISH, MAINTAIN AND OPERATE PRIVATE FIXED POINT-TO-POINT RADIO STATIONS FOR THE RECEPTION AND TRANSMISSION OF RADIO COMMUNICATIONS WITHIN THE PHILIPPINES."(REPUBLIC ACT No. 4677)
- REPUBLIC ACT NO. 8795, June 27, 2000(REPUBLIC ACT No. 8795)
- REPUBLIC ACT NO. 5164 - AN ACT DEFINING THE FUNCTIONS OF THE JUDICIARY DIVISION, DEPARTMENT OF JUSTICE, PRESCRIBING THE QUALIFICATIONS AND FIXING THE COMPENSATION OF ITS STAFF, AND FOR OTHER PURPOSES(REPUBLIC ACT No. 5164)
- REPUBLIC ACT NO. 3400 - AN ACT TO PROVIDE FOR TWO SCHOOL DIVISIONS IN THE PROVINCE OF QUEZON(REPUBLIC ACT No. 3400)
- REPUBLIC ACT NO. 2512 - AN ACT TRANSFERRING THE SEAT OF GOVERNMENT OF TALUKSANGAY DISTRICT, CITY OF ZAMBOANGA, TO PASILMANTA, SAKOL ISLAND.(REPUBLIC ACT No. 2512)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.